CFPB Finalizes Minor Changes to “Know Before You Owe” Mortgage Rules

CFPB Finalizes Minor Changes to “Know Before You Owe” Mortgage Rules
Friday, January 23, 2015

On January 20, the Consumer Financial Protection Bureau (CFPB) finalized two minor modifications to the “Know Before You Owe” mortgage disclosure rules. The changes, which were proposed in October 2014, address when consumers will receive updated disclosures after locking in an interest rate, and how consumers receive information regarding certain construction loans.

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